On 24 March 2025, the Council of the EU published two notes (dated 11 March 2025) which both contain a three-column table comparing the EU institutions’ positions on the proposals for the Retail Investment Strategy. The first note covers the proposed Regulation amending Regulation (EU) No 1286/2014 as regards the modernisation of the key information document. The second note covers the proposed Directive amending Directives (EU) 2009/65/EC, 2009/138/EC, 2011/61/EU, 2014/65/EU and (EU) 2016/97 as regards the Union retail investor protection rules. The notes will be used in the forthcoming trilogue negotiations between the institutions.